H.R. 5569. to extend for 5 years the EB5 Regional Center Pilot Program. and for other purposesthis bill would extend the EB5 Regional Center Program for 5 years. This program allows entrepreneurs from around the country to apply for Regional Center designation with the U.S. Citizenship and Immigration Services. which in turn allows project managers to attract foreign investment to discrete projects within specified geographic areas. many of which are rural areas in need of economic stimulation. Over the years. this program has resulted in foreign capital investment of billions of dollars and the creation of thousands of jobs in American communities. This important program is set to expire on September 30. 2008. and its reauthorization is critical for the many Americans who depend upon this program to make positive economic changes to their communities.
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Immigration